Submitted by Tyler Durden on 10/12/2013 The rhetoric from today’s political maneuvering is eerily reminiscent of the rhetoric just a week ago and absolutely in now way represents the ‘progress’ than an impatient to BTFATH equity market appears confident about. As AP reports, Harry Reid seemed to arrogantly explain “we haven’t done anything yet” by way of compromise (as his…
David Roberts – The Independent Sat Oct 12, 2013 Interesting press release from Congress.org, excerpted here in part. Arizona Sen. John McCain — when asked about Ted Cruz, Rand Paul, Mike Lee and other Tea Party-affiliated senators — had some harsh words about his supposed GOP compatriots’ reluctance to send Senate conferees to a multi-house conference to…
Are you upset over the government shutdown and political impasse in Washington? CNBC’s Rick Santelli is on fire and fired up after finding a speech delivered on the Capitol in 2006.
Oct. 10 (Bloomberg) — James Rickards, senior managing director at Tangent Capital Partners, discusses the October 17 deadline for the United States breaching the debt ceiling, the options President Barack Obama and Treasury Secretary Jack Lew could try if the government hits that deadline and what a possible 6-week extension could mean for negotiations. He…
Published on Oct 9, 2013
The Peter Schiff Show (10/8/2013)
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thehill.com OCTOBER 09, 2013 Senate Majority Leader Harry Reid (D-Nev.) is moving legislation to push the debt limit until Dec. 31, 2014, well beyond next year’s midterm election. Senate aides estimate the bill would increase federal borrowing authority by about $1.1 trillion. The administration estimates the nation would hit the upper bounds of its $16.7…
Published on Oct 9, 2013
The Peter Schiff Show (10/9/2013)
Listen Live Weekdays 10am to noon ET onhttp://www.SchiffRadio.com
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OBAMA DESTROYING DOLLAR, CHINA to TAKE U.S. LAND for DEBT: Ann Barnhardt
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Published on Oct 8, 2013
Economist Dr. Paul Craig Roberts contends, “The situation is unsustainable.” It will blow up at some point, and Dr. Roberts predicts, “It will be worse than the Great Depression because in the Great Depression, prices fell along with employment. Now, prices will be rising and employment would be falling. . . . Gold and silver prices will explode in dollar terms.” Join Greg Hunter of USAWatchdog.com as he goes One-on-One with former Assistant Treasury Secretary Dr. Paul Craig Roberts.
Gold Silver Worlds | October 8, 2013 Chinese Vice Finance Minister Zhu Guangyao commented publicly by expressing his concerns about the United States debt ceiling saga (via Reuters): “The United States is totally clear about China’s concerns about the fiscal cliff.” “We ask that the United States earnestly takes steps to resolve in a timely way before Oct. 17 the political…
Published on Zero Hedge (http://www.zerohedge.com) By Tyler Durden Last week we showed the cognitive dissonance [7], nurtured by a liquidity-providing Fed, that has growth this year between stocks and economic confidence. In the last week, fed by a diet of DC headlines, Gallup’s economic confidence index [8] has collapsed. In fact, this is the worst 3-week plunge since Lehman – worse than during the…
A U.S. debt default that lasts for more than a couple of days could potentially cause a financial crash unlike anything that the world has ever seen before. If the U.S. government purposely wanted to damage the global financial system, the best way that they could do that would be to default on U.S. debt…
